Lh And Af-klm Haggle For Air Europa Stake

Lufthansa and Air France-KLM have both submitted offers to invest in Spanish airline, Air Europa.

According to simpleflying.com , Air France-KLM has formally bid for a 51 stake in the carrier, offering 300 million R5,9 billion as part of the deal. In addition, it has reportedly agreed to take on Air Europas 475 million R9,4 billion COVID-era government loan, which is due for repayment in November 2026.

Lufthansa has offered 240 million R4,7 billion for a 25 stake, aligning more closely with Globalias Air Europas parent company original plan to sell a 20 share. Lufthansa has also proposed securing an order for 10 additional B787 aircraft for Air Europa, which would significantly strengthen the airlines long-haul fleet.

While Air France-KLMs bid offers a controlling stake and full debt assumption, it would likely face a lengthy regulatory approval process, potentially taking a year or more. Lufthansas offer, being a minority investment, would avoid such regulatory hurdles.